StockNews.com Initiates Coverage on Power REIT (NYSE:PW)

StockNews.com initiated coverage on shares of Power REIT (NYSE:PWFree Report) in a report issued on Sunday. The brokerage issued a sell rating on the stock.

Power REIT Stock Performance

Shares of NYSE:PW opened at $1.15 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 15.62. The company has a 50-day moving average price of $1.11 and a 200-day moving average price of $1.20. The company has a market cap of $3.90 million, a price-to-earnings ratio of -0.16 and a beta of 1.66. Power REIT has a 12 month low of $0.40 and a 12 month high of $2.75.

Institutional Investors Weigh In On Power REIT

An institutional investor recently bought a new position in Power REIT stock. Virtu Financial LLC purchased a new stake in Power REIT (NYSE:PWFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 24,407 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 0.72% of Power REIT as of its most recent SEC filing. 14.65% of the stock is currently owned by hedge funds and other institutional investors.

Power REIT Company Profile

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Power REIT, with a focus on the Triple Bottom Line and a commitment to Profit, Planet and People is a specialized real estate investment trust (REIT) that owns sustainable real estate related to infrastructure assets including properties for Controlled Environment Agriculture, Renewable Energy and Transportation.

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